Global stocks fall on virus fears

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WHO has declared a global emergency as people infected by the virus spread to 18 countries.

Gold gained along with the safe-haven Japanese yen and Swiss franc, as the number of people infected by the virus in a fast-spreading health crisis surpassed 8,100 people globally, more than the total from the 2002-2003 SARS epidemic.

Damage to China's economy is still hard to assess, but Wall Street economists see slower growth. Fitch Solutions said it maintains its real GDP growth forecast for China at 5.9% for 2020, but the impact of the virus could reduce that to 5.4%. "This is a market where people are very nervous," he said."There's fear about committing new capital to this market given how far it's come, but there's even a greater fear on missing out on the gains."

Shares in London fell 1.36%, extending losses as the pound climbed against the dollar after the Bank of England kept interest rates unchanged.

 

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Humility will been seen in the face of mankind..during trial n tribulation..

yet we're still groping with the right vaccine

Shit hit fan. It was hushed up. Shit kept spreading until cover-up became impossible. Attempts were then made to contain shit as fan kept running. Shit regulator declares shit emergency but ignores cover-up and praises shit containment efforts.

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